Fifth Third Bancorp grew its stake in shares of Helios Technologies, Inc (NYSE:HLIO – Free Report) by 17,367.4% in the first quarter, HoldingsChannel.com reports. The firm owned 129,783 shares of the company’s stock after purchasing an additional 129,040 shares during the period. Fifth Third Bancorp’s holdings in Helios Technologies were worth $8,398,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Helios Technologies by 114.9% in the fourth quarter. Wellington Management Group LLP now owns 1,997,527 shares of the company’s stock valued at $106,848,000 after purchasing an additional 1,067,846 shares in the last quarter. Jennison Associates LLC bought a new stake in Helios Technologies during the fourth quarter worth $42,583,000. Arrowstreet Capital Limited Partnership raised its position in Helios Technologies by 106.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 594,361 shares of the company’s stock valued at $30,984,000 after buying an additional 306,659 shares during the last quarter. Aberdeen Group plc purchased a new stake in Helios Technologies in the 4th quarter valued at $13,681,000. Finally, Wasatch Advisors LP lifted its stake in Helios Technologies by 35.4% during the 1st quarter. Wasatch Advisors LP now owns 799,008 shares of the company’s stock valued at $51,704,000 after acquiring an additional 208,823 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.
Helios Technologies Stock Down 0.6%
HLIO stock opened at $80.56 on Thursday. The stock has a market cap of $2.66 billion, a P/E ratio of 44.26 and a beta of 1.25. The company has a current ratio of 2.86, a quick ratio of 1.58 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $72.19. Helios Technologies, Inc has a 1-year low of $33.85 and a 1-year high of $95.05.
Helios Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, July 10th. Helios Technologies’s dividend payout ratio (DPR) is 26.37%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a report on Tuesday, June 2nd. Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price target on shares of Helios Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Robert W. Baird upped their price objective on shares of Helios Technologies from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $92.25.
Get Our Latest Research Report on Helios Technologies
Insider Buying and Selling
In other Helios Technologies news, insider Matteo Arduini sold 6,027 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $90.42, for a total value of $544,961.34. Following the transaction, the insider directly owned 11,317 shares in the company, valued at $1,023,283.14. The trade was a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 13,027 shares of company stock valued at $1,134,121 over the last 90 days. Insiders own 0.50% of the company’s stock.
Helios Technologies Profile
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
Read More
- Five stocks we like better than Helios Technologies
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc (NYSE:HLIO – Free Report).
Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
